Thursday, January 23, 2014
Cabinet Committee on Economic Affairs (CCEA)
The Cabinet Committee on Economic Affairs (CCEA), relaxed the criteria for power generation projects to qualify as mega power projects. This will qualify 15 additional projects for the benefits under the mega power project policy.
“To avail of the benefits under the (Mega Power) policy, the developer must tie up at least 65 per cent of the installed capacity through competitive bidding,’’ Finance Minister P. Chidambaram told reporters after announcing that the CCEA had cleared the Power Ministry’s proposal of changes to the Mega Power Policy. “The balance 35 per cent of the installed capacity should be through the regulated tariff according to the host State’s policy.”